Quick question: I use IB but use my own feed (E-signal). I most likely will not use $30 in comms every month, do I still get charged $10 for the data, even though I have unchecked all data feeds (since I use E-signal)? Tx.
yah, but if I uncheck the data (Nasdaq I, etc) in the Acct Management section, do I still get charged $10 a month?
yes.. IB caters to professional traders and investors and requires its customers to spend a monthly activity fee minimum which may include commissions, market data fees, special connection minimums and other fees. Those customers spending less than the activity fee minimums (as stated below) in any given month will be charged the difference between the minimum and the amount spent in a month. In addition to monthly fee minimums we pass through market data fees from the exchanges for any real-time market data service in which a customer subscribes. Customers choosing to subscribe to US non-professional real-time market data will have the USD 10 (or USD equivalent) monthly fee waived if they spend USD 30 (or USD equivalent) or more in activity fees for the month. Customer Type Activity Fee Minimum All customers not listed below USD 10 Age 25 or under USD 3 Customer with equity balances < USD 2,000 (or USD equivalent) USD 20 http://individuals.interactivebrokers.com/en/accounts/fees/minimumDeposits.php?ib_entity=llc
no you wont be charged. this guy is wrong. I generally keep unchecked and only check when I plan to trade that month.